Use the Following to Answer Questions

question 73

Multiple Choice

Use the following to answer questions
Erie Company reports the following comparative balance sheets and income statement information.

-Assuming accounts payable is used for inventory purchases only,the amount of cash paid for inventory purchases during 2016 was:

• A)$32,000.
• B)$176,000.
• C)$192,000.
• D)$160,000.

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Definitions:

Relative Size

A perceptual cue that allows the determination of the size of an object in comparison to another object of known size.

Interposition

A visual cue in which an object that blocks part of another object is perceived as being closer to the observer.

Continuity

The state or quality of being continuous, unbroken, or consistent over time.

Similarity

The state of being alike or sharing common features.